FTX: Will SBF testify on the 13th before US Congress?

Sahana Kiran
Source – Bloomberg

FTX’s former chief, Sam Bankman-Fried has been making headlines for all the wrong reasons. From being noted for his charitable deeds to being called out for defrauding the entire crypto industry, the downfall of SBF was certainly disastrous. While members of the crypto-verse as well as others intend to see SBF behind bars, the former CEO of FTX wasn’t entirely ready to testify.

In a recent tweet, U.S. Representative Maxine Waters was seen reminding SBF to testify before the U.S. House Committee on Financial Services heading. Waters revealed that FTX has to appear before the Committee on December 13. SBF was invited to discuss “what happened” at the troubled exchange.

SBF did take some time but responded to Waters. Earlier today, the former FTX CEO noted how it was his duty to appear before the committee to address the situation. However, he also pointed out that he would do so only after he was done “learning and reviewing what happened.”

He further suggested that he was unsure if he would be able to appear on the 13th. SBF noted that he would testify following the aforementioned process of “learning and reviewing.”

This certainly did not settle well with the community. Several pointed out he was making constant public appearances but was doubtful about testifying.

SBF a “pathological liar”?

During a recent interview, the host of CNBC’s Mad Money, Jim Cramer stated that SBF was a “pathological liar.” This wasn’t all, further labeling the former FTX chief a conman, Cramer said,

“That guy is a clueless idiot. Intent means nothing. Saying sorry means nothing. If you commingle, if you had no record keeping, those are against the law.”

While users of the platform continue to live in fear of losing their funds, the hearing scheduled to take place on the 13th could bring some respite to the community.